2. One common assumption in economics is that the products of different firms in the same industry...

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2. One common assumption in economics is that the products of different firms in the same industry are indistinguishable. For each of the following industries, discuss whether this is a reasonable assumption.

a. steel

b. novels

c. wheat

d. fast food

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Principles Of Macroeconomics

ISBN: 9780324171891

3rd Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 07:00 AM

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2. One common assumption in economics is that the products of different firms in the same industry...

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Principles Of Macroeconomics

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